PPOL-707-20 LATIN AMERICAN DEVELOPMENT
Spring for 2007-2008
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This module will critically examine the recent economic performance of Latin America, with particular reference to measures of growth and distribution, and including comparisons of Latin American performance to that of other regions. It will review the role of historical legacies, successive phases of public policies (including Import-Substitution Industrialization and the “Washington Consensus”), and domestic institutions in determining performance, as well as the influence of Latin America’s position in the international economy. Among areas to be reviewed will be fiscal and financial policies, policies towards trade and Foreign Direct Investment, privatization, and the “investment climate” broadly defined, including the implications of the region’s large informal economy. The course will also review explanations of the region’s typically high levels of inequality, and look at successes and failures among efforts to invest in Latin America’s human capital. Student participation will include preparing a short case study of a selected Latin American country. (2nd module, 1.5 credits).
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Spring '08: de Ferranti D, Ody A (file download)
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